Most state and local government full-time workers are entitled to health benefits in Massachusetts with employee contributions often under 20%.
While the basic structure of the pension system is economically sound, and the fact that the federal social security system has been underfunded is no reason to punish current Masschusetts employees, there are many pension anomalies that annoy taxpayers and merit fixing.
Problems in the public sector system mirror problems in the social security system.
The average social security retirement in Massachusetts in December 2005 was just over $12,000 per year.
This page contains informal notes on the Pioneer Institute White Paper titled “Public Pensions: Unfair to State Employees, Unfair to Taxpayers” .
The Windfall Elimination Provision is designed to prevent higher earning state and local pensioners from being treated as low income earners for the purpose of computing social security benefits.